Form 4: SiTime Corp Executive VP Sells Shares in Recent Transaction

Vincent P. Pangrazio, Executive VP, Chief Legal Officer & Corporate Secretary of SiTime Corp, sold 2,910 shares of common stock on January 2, 2025, at an average price of $221 per share.

Summary

• On January 2, 2025, Vincent P. Pangrazio, an Executive VP at SiTime Corp, sold 2,910 shares of the company's common stock.
• The sale was executed at a weighted average price of $221 per share, with individual transaction prices ranging from $219.00 to $223.00.
• Following the transaction, Pangrazio directly owns 63,068 shares of SiTime Corp, which includes 49,538 unvested restricted stock units and performance-based restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. It's a routine filing and doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity, which is common among corporate executives. It provides transparency to investors regarding the buying and selling of company stock by its officers and directors.

Stakeholder Impact

• The sale of shares by an executive may be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the transaction.

Key Dates